Currently Improved Property with a Duplex consisting of 2 Units 3 BR 2 Bath 1,110 sq ft each on a 6750 sq ft lot; 2nd Parcel and lot located at 3233 S University also with a Duplex for sale to be combined as a bundle so each duplex is priced at $1,000,000; Opportunity for investment and redevelopment for Multi-Family; This prime location provides an irreplaceable opportunity for investors looking to provide much-needed student housing next to a top-tier college campus. Property is situated just a couple of blocks from the prestigious Texas Christian University (TCU) Campus. Investment Considerations: · Rare entitlement advantage in a constrained housing submarket · Strong historical appreciation and rental demand · This submarket has demonstrated robust fundamentals, including a 92% increase in rental rates since 2021 and a 235% increase in price per square foot over the past decade. Don't miss your chance to own this remarkable student housing property in the bustling city of Fort Worth.
MLS # | 20934125 |
---|---|
Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 2004 |
Days On Site | 40 |
Listing Provided By | The Michael Group Real Estate | Beth Elkassih |
Zoning | Currently in TCU Overlay C Distr |
---|---|
Acreage | 0.16 |
Cooling | Central Air |
---|---|
Heating | Central, Electric |
Lot Features | Interior Lot |
---|
Utilities | Asphalt, City Sewer, City Water |
---|
State | TX |
---|---|
County | Tarrant |
City | Fort Worth |
Zip Code | 76109 |
Area | Tarrant |
Community Name | Weatherford P R Addition |
School District | Fort Worth ISD |
Elementary School | Clayton Li |
Listing VS Median (in Weatherford P R Addition) | |
Price: $1,000,000 low | high Med: $0 On site: 40 low | high Med: |